Chief Financial Officer- The Hospitals of Providence-Transmountain Campus

Texas Executives • El Paso, TX

125d

About The Position

The Chief Financial Officer has responsibility for safeguarding the facility assets and ensuring the financial statements, including the books and records, are prepared and maintained in accordance with GAAP. The Chief Financial Officer is also responsible for ensuring compliance with company financial and accounting policies and procedures and also ensuring internal controls are effective in both design and operation, including the routine monitoring of controls. Additionally, the Chief Financial Officer is a key member of the Facility A-Team and, as such, participates in establishing and implementing strategic business plans for the facility. He/she is a key member of the facility management team that interacts and communicates on a regular basis with an array of internal and external constituents, including various regulatory bodies.

Requirements

• Strong business acumen and experience in financial management.
• Experience in healthcare finance and accounting.
• Knowledge of GAAP and compliance with financial regulations.
• Ability to analyze financial data and prepare financial forecasts.
• Experience in managing a revenue cycle process.
• Strong communication skills to interact with various stakeholders.

Nice To Haves

• Experience in a teaching hospital environment.
• Familiarity with capital project evaluation and management.
• Experience in developing and implementing financial systems and policies.

Responsibilities

• Identify and independently assess financial risk, establish and monitor mitigation plans.
• Communicate financial risk and opportunity to the Group Chief Financial Officer and Facility Chief Executive Officer.
• Monitor financial performance and maintain reasonable and appropriate financial plans and forecasts.
• Work collaboratively and effectively with home office departments such as Compliance, Home Office Accounting/Financial Reporting, Information Systems, Internal Audit, Legal, Treasury.
• Monitor the revenue cycle process and improve it through rate setting, charge capture, managed care negotiations, and cash collections.
• Evaluate and manage investments in capital projects, determining financial impact and ROI.
• Analyze daily operating results to ensure revenues, expenses, and labor are within budgeted objectives.
• Establish and maintain sound financial controls and record keeping; approve financial expenditures up to the level established by the CEO.
• Keep abreast of government regulatory requirements and the rapidly changing reimbursement environment.
• Establish and monitor the annual operating budget according to sound budgeting principles and home office guidelines.
• Interface with Human Resources in the preparation of workforce plans and salary and benefit proposals.
• Evaluate the facility's overall financial position and prepare periodic financial and operating reports.
• Provide consistent and accurate financial, accounting and reporting processes throughout the facility.
• Prepare financial forecasts and monitor performance versus budget; consolidate results and develop cash management controls.
• Coordinate with other senior members of the leadership team in the development of major strategic and financial plans.
• Review, evaluate and ensure the effectiveness of all financial and accounting systems in the facility.
• Direct the development and implementation of new systems, policies and procedures as required.
• Assist in the development of new business by analyzing the feasibility of new programs and advising management.

Benefits

• Full-time employment

What This Job Offers

• Job Type: Full-time
• Career Level: Executive